What is most remarkable about Mr. Hamm is that he was the 13th and
youngest child of Oklahoma cotton sharecroppers, raised in a one bedroom house. A real Horatio
Alger story of a man who picked cotton as a child to help support the family.
Born and raised
in the tiny town of Lexington due south of Oklahoma City,
Harold graduated from Enid High School, getting a job pumping gasoline
and
fixing cars for a living. He founded the Harold Hamm Tank Truck Service
in 1966, where his sole asset was a bobtail Ford truck used to service
oil wells. His own oil
company headquartered in Enid was relocated to
Oklahoma City last year.
As of the March 2012 issue of
Forbes,
Harold Hamm is ranked as the 30th richest person in America and 76th richest person in the world, with a net worth of $12.4 billion.
Harold had the vision to found fraking ventures in North Dakota’s
Bakken oil field, which now produces more crude than Alaska’s Prudhoe
Bay.
His company has the greatest share of leases in the Bakken field.
This month Continental Resources told investors that the region
contains enough recoverable oil to double the official count of U.S.
reserves and enough "oil in place" to meet the nation’s needs for
hundreds of years.
By Tony Dokoupil, Senior Staff Writer, NBC News
OKLAHOMA CITY,
Okla. — In the history of oil, this fall is a tipping point,
the moment America gurgles past Saudi Arabia and Russia to become the
world’s petroleum king.
The man most responsible is
Harold Hamm, 67, a drawling, blue-eyed billionaire,
a sharecropper’s son who grew to be the richest energy mogul in
America. He was the first to profitably “frack” North Dakota oil wells,
leading a revolution in the way the nation coaxes energy from the earth
and draining momentum from the search for cleaner fuel sources. His
company, Continental Resources, has quintupled in value in a matter of
years, emerging as a swaggering promoter of eco-friendly, effectively
infinite oil — along with all the supposed good that flows from it.
|
Stacking
Harold Hamm
up against
Mitt Romney
You may remember we previously have done an article stacking
Alan Mulallay up against Mitt Romney,
whom we have unaffectionately nicknamed RINOmoney. If you
remember, Mulallay turned around Boeing Commercial when it was
confronted with the juggernaut of the European State-financed Aerobus.
From there, Mulallay arrived at Ford just in time to save it from
bankruptcy when all its competitors were looking to the government for
saving with handouts and special protection from creditors.
Alan Mulallay represents the American entrepreneurial spirit which created this great nation.
I am now proud to add Harold Hamm to my very short list of Americans
whom I greatly admire, and hence we would like to compare his
achievements against the achievements of RINOmoney.
Now, I do not have the blessings of Harold Hamm here, as he respected
RINOmoney enough to donate $985,000 to the pro-Romney super PAC
Restore Our Future.
Given that, here goes...
Hamm - born into extreme grinding poverty
RINOmoney - born into extreme luxurious wealth
Hamm - picked cotton in the hot fields as a child
RINOmoney - played golf with his father at the country club as a child
Hamm Graduated from a small town high school, but could not afford college
RINOmoney
- Spent 2 years as a mormon missionary in the most barbaric, unchristianized of countries -- FRANCE,
before attending the best universities this country has to offer -- Brigham Young (Bachelors), Harvard (MBA) and Stanford
universities
Hamm created a company who delivered the lubricant of modern civilization - oil
RINOmoney
created a company which at its best was a fencing operation which took
Maserati-style companies -- created by real visionaries -- cutting them up
and selling them for parts; and at worst, a salvage yard that took old
worn-out companies, stripping it of all its remaining assets and laying off all the employees.
Hamm created a company with his bare hands from scratch
RINOmoney
created a company with connections to his father's long political
career which included his father being a governor, as well as the connections RINOmoney gained when his
father paid for him to attend the most expensive prestigeous schools in the country
Hamm created his company with an old bobtail Ford truck and paid for more assets as he grew his company.
RINOmoney
had seed money to start his company because he was born with a silver
spoon in his mouth and was able to join up with rich partners.
Hamm earned $12.40 billion dollars in his company
RINOmoney earned a measly $0.25 billion dollars in his company
RINOmoney used his connections to become the governor of the most liberal state in the United States -- Massachusetts
Hamm had work to do in Red State Oklahoma and Red State North Dakota
RINOmoney
allowed gay marriage and Romneycare socialized medicine while governor
of Massachusetts even while proclaiming to be a Republican
Hamm was paying a load of taxes and hiring a lot of well paid Americans for the hard work he was doing for this country
RINOmoney, from the blue state of Massachusetts, used his connections to talk the Red States into backing him for President.
Hamm, from the Red State of Oklahoma, backed RINOmoney for President with $985,000 dollars he earned from his hard work.
RINOmoney was going to be the most powerful man on Earth if he won
Hamm,
for all the money he donated and wisdom he brought to the campaign, was
going to be his energy adviser; while Paul Ryan from the Blue State of
Wisconsin was selected to be his Vice-Presidential running mate. (Not
that we are saying Paul Ryan is not a good man)
Given all this, it remains a mystery as to why Harold Hamm, a self made
man of sturdy Oklahoma virtue and morality, would endorse a man born
with a silver spoon in his mouth who was the darling of the Eastern
liberal Republican camp who stood proudly beside Obama once the
election was lost. An election RINOmoney never seem to have
wanted to fight to win, showing the influence of his younger years in
France where fighting for ideals is not considered a virtue.
If Mr. Hamm was supporting RINOmoney as an "Anybody but Obama", then we
can all understand, but if true, then Harold Hamm must have been
furious to see RINOmoney stand with what could only be Mr. Hamm's arch
enemy, the most anti-oil, anti-capitalist, anti-American,
anti-Christian President this country has ever thought it could
possibly have had.
Department of Energy
Dependence
To gain a much greater appreciation of how Harold Hamm pretty much single handedly pointed
America toward energy independence again, let's look at the mammoth
obstacles he was confronted with and had to overcome on his road to
success.
On August 4, 1977,
President Jimmy Carter
signed the bill which created the United States Department of Energy.
Created in response to the OPEC oil embargo, this new cabinet level
position was chartered to lead a massive Manhattan Project level quest for
energy independence from Arab oil sheiks.
Over 33 years and 8 Presidents later, having utterly failed in its original mandate, President
Barack Obama
breathed fresh life in the moribund DOE by unveiling on May 7, 2009, a
$26.4 billion budget, aiming to substantially expand the use of
renewable energy sources while improving
energy transmission infrastructure. It also makes significant investments in
hybrids and
plug-in hybrids, in
smart grid technologies, and in scientific research and innovation.
Needless to say, a spectacular 4 years of federal government failures followed.
Please keep in mind,
that this wasted $26.4 billion dollars
is twice as much money
as Harold Hamm's $12.4 billion company,
which will make America energy independent.
Obama's Big List
of
Failed Green Energy Companies
- Amonix Solar: FAIL! – manufacturing plant
in North Las Vegas, subsidized by more than $20 million in federal tax credits
and grants given by Obama Administration, has closed its 214,000 square foot
facility a year after it opened.
- Solar Trust of
America: FAIL!
- Filed Bankruptcy in Oakland, CA, April 3,
2012
- Bright Source: FAIL! - Bright Source warned Obama’s Energy Department officials
in March 2011 that delays in approving a $1.6 billion U.S. loan guarantee would
embarrass the White House and force the solar-energy company to close. Bright
Source lost billions of dollars but is getting more money to keep trying.
- Solyndra: FAIL! -
Obama gave $500,000,000 (that’s a HALF BILLION!) in
taxpayer money to Solyndra who shut its doors and laid off 1100 workers in
August 2011 after billions in losses due to failure to make a solar product that
works! Barack Obama was not vetted before being elected President and neither
was Solyndra before Mr. Obama threw that taxpayer money down the drain of
unproven technology.
- LSP Energy: FAIL! -
LSPEnergy LP filed bankruptcy protection and a sale of its
assets in Feb 2012
- Energy Conversion Devices:
FAIL!
– On February 14, 2012 Energy Conversion Devices, Inc. and
its subsidiaries filed for bankruptcy
- Abound Solar: FAIL! - Abound Solar received a $400 million loan guarantee
from Barack Obama then announced in June, 2012 that it would file for
bankruptcy. Many of these failed corporations, such as Abound, donated MILLIONS
and continue to donate to Barack Obama’s campaign. Can you say, “Democrat Slush
Fund”? Yes this is illegal. But Democrats are being protected from being
prosecuted, for now.
- SunPower: FAIL! - SunPower stopped
producing solar cells in 2011 at near bankruptcy then restructured with the help
of, get this, oil giant TOTAL, Inc. who owns 60% stake in SunPower. Irony? The
company is still struggling.
- Beacon Power: FAIL! – Beacon Power Corp filed
for bankruptcy protection in October, 2011 just a year after Obama approved a
$43 million Government loan guarantee. They remain barely in business, still
struggling to make energy that makes sense or that works at
all.
- Ecotality: FAIL! - ECOtality, a San
Francisco green-tech company that never earned any money and remains on the
verge of bankruptcy after receiving roughly $115 million in two loan guarantees
from President Obama, who wants to do some more of this kind of Democrat Slush
Fund Guarantees after he is elected to a 2nd
term.
- A123 Solar: FAIL! - A123 Solar
received $279 million from taxpayers thanks to President Obama’s Department of Energy loan guarantees even after the Solyndra bankruptcy and is
getting another $500M from Obama after a loss of $400M.
- UniSolar: FAIL! -
Uni-Solar filed for Ch 11
bankruptcy in June 20, 2012 after laying off hundreds of workers.
UniSolar received even more Obama money after showing no progress, no profits
and is still failing… yet they still remain in business with Obama’s
help.
- Azure Dynamics: FAIL! -
Azure Dynamics filed for bankruptcy in June , 2012
wasting millions in Obama “Stimulus” money and received abatement on taxes owed
and and several tax credits. Azure Dynamics LLC filed for bankruptcy protection
in Canada and the US. Azure laid off 120 of its 160 employees in Oak Park;
Boston; Vancouver, British Columbia; and the UK.
-
Evergreen Solar: FAIL! - Evergreen Solar
received $527 Million in Taxpayer money from Obama and filed bankruptcy in late
2011. Evergreen, which closed its taxpayer-supported Devens factory in March,
2011 cut more than 1800 jobs. Evergreen’s $450 million factory, turned out to be
a colossal “waste” of taxpayer money.
- Ener1: FAIL! Ener1 Inc. received a
$118 million U.S. Energy Department grant from President Obama to make
electric-car batteries but filed for bankruptcy protection January 2012
after defaulting on bond debt.